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SpyIntel [72]
3 years ago
7

Susan is having a bakery in the heart of the city and supplies special type of cheese cookies to all the retail outlets based on

the demand. Her cost of making each box of cookies is 15 SAR and she sells it at 18 SAR. The historical data shows that her demand is normally distributed with a mean of 250 boxes per day with a standard deviation of 22 boxes. All those boxes that are not picked up on the same day by the retailers are sold in her own shop at 10 SAR on the next day. What is the optimal stocking level?
Business
1 answer:
ahrayia [7]3 years ago
5 0

Answer:

The optimal stocking level is 243 boxes

Explanation:

In order to calculate the optimal stocking level we would have to calculate the following formula:

optimal stocking level=mean+(Z* standard deviation)

According to the given data we have the following:

mean=250 boxes per day

standard deviation=22 boxes

To calculate the z value we would have to calculate the service level as follows:

service level=shortage/(shortage+overage)

service level=3/(3+5)

service level=0.38

Hence, z value is -0.31

Therefore, optimal stocking level=250 + (-0.31 * 22)

optimal stocking level=243 boxes

The optimal stocking level is 243 boxes

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Answer:

True

Explanation:

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8 0
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Why is a high-quality bond typically considered a lower-risk investment than a stock?
dem82 [27]
There is risk in owning a stock and many unknown variables.  
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Hope this helps
5 0
3 years ago
Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs
Charra [1.4K]

Complete Question:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to

Group of answer choices:

A. increase competition.

B. expand the profit pool.

C. provide better customer service.

D. satisfy regulators

Answer:

B. expand the profit pool.

Explanation:

Outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. This serves to expand the profit pool.

Generally, all business entities are typically set up to generate revenues by engaging or increasing the number of services being offered to potential customers and as a result of this, make more money or profits.

In this scenario, the airline company has diversified its portfolios through the provision of services centered around the transport or logistics business such as use of credit cards as a means of payment by the customers, use of airport lounges as relaxation spot, waiting area and use of frequent-flyer programs as a form of advert in the airport or on board.

4 0
3 years ago
If personal taxes were decreased and resource productivity increased simultaneously, the equilibrium _____. rev: 06_12_2018 Mult
SVETLANKA909090 [29]

Answer:

output would necessarily rise.

Explanation:

Tax is the amount that a government levies on its citizens to fund it's expenditure, and for the individual income tax is levied.

If the government decides to reduce personal tax, this will free up funds to engage in economic activities and make resources more productive. The individual's disposable income will increase and when invested in business activities to promote productivity.

Increased productivity will necessarily increase the output from the economy.

6 0
4 years ago
Suppose that a museum of modern art discovers the following: adults are willing to pay $20 per ticket to see a Monet exhibit. St
padilas [110]

Answer:

50%

Explanation:

From the question we have here

If adults would pay 20$

Out of a 100% students:

60% would pay 15

40% would pay 10

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Discount = (20 - 10)/20 x 100

Discount = 0.5 x 100

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The museum should offer 50percent discount.

6 0
4 years ago
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